Nov 12, 2012 12:00pm PST
, the fiscal cliff is one artificial construct cooked up by the congress and the president to basically get us to think about a much bigger problem, which is what you pointed out. entitlement reform and tax reform and all the big issues and putting america into the accounts. the problem is the president -- i mean, you know, frankly has all the leverage here. so he doesn't need to compromise that much to get half, if not three-quarters of what he wants. >> i think the president is feeling that he has the leverage. one thing we've seen is he's going to take this message to the people. it seems to me he's learned a little bit from the fights he had before, leaving it all in washington giving the republicans a lot of leverage. making it a national fight and bringing in the voters makes it something with more leverage. did he learn? is he going to play this fight out differently? >> if there's anything he learned from the election but not just the national election but where you had the referendum where people were very, very happy by and large to let the rich pay more. i think you're going to see
Nov 15, 2012 12:00pm PST
people in the aftermath of this tragedy. >> ugly. four americans were killed in the aattack including u.s. ambassador chris stevens, two members of the cia. david petraeus appears at both hearings tomorrow morning. there were doubts his testimony would happen given his abrupt resignation, but petraeus reportedly volunteered to testify saying it's the right thing to do. the "wall street journal" has an interesting look into petraeus's final days in the agency including reports of interagency finger points and rising tensions. kelly o'donnell is on the hill, and kelly, two months since the attack and finally top intel players are on the hill. frustration seemed to really be boiling over. what's going on? >> that public hearing that you showed some clips from really showed how politically charged this is. that is not where the secret briefings are taking place. that's a separate thing. it was a show place for the partisan divide over benghazi. when you talk to those on the intelligence committees in the house and senate, there's a sober approach to this as far as getting to the fact finding.
Nov 16, 2012 12:00pm PST
of spending from the u.s. economy by raising taxes and cutting government spending at the same time. that's more than 2% of gdp, and the economy is only growing at 2%. it's an absurd thing to try to do. more than that, though, i want you to recognize that the kind of deal that they seem to be cooking up in the clouds, namely cutting taxes -- raising taxes by 150 billion and boehner getting his way, cutting spending by $150 billion, that's $300 billion, that's a lot of negative stimulus also. it might not be 500 but 300 is a locality. >> i think steve said something about a gradual slope ned of a cliff. the cataclysmic that he was talking about. initially those kinds of tax increases don't kick in until much later. they're now talking about pushing back spend cuts as well. look, peter is right. we're looking at fiscal contraction next year, and it gets back to the first set of comments. that's not what you want to see about an economy growing around 2% with a highly elevated employment rate. let's not forget about the jobs part of this, and also let's not forget that temporary spending on
Nov 9, 2012 12:00pm PST
admitting to an extra-marital affair. andrea mitchell just broke this story, and cease going to provide us with new details ahead. >> all that plus has the obama presidency been good for black people? we have a guest that says not really. buckle up. you're in "the cycle" for friday, november 9th. >>> so the election is behind us, and it's time to confront the fiscal cliff, or as we at "the cycle" call it until we invent poetic phrasing, the gradual fiscal slope. whatever you want to call it, it's staring you in the face. two hours ago the president flanked by middle class taxpayers said this in the white house east room. >> the american people voted for action, not politics as usual. our job now is to get the majority of congress to reflect the will of the american people. what the american people are looking for is cooperation. they're looking for consensus. they're looking for common sense. most of all, they want action. >> the president has invited congressional leaders to the white house next week to start negotiations. he's made it clear that the election is a message that the people